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Oracle 1z0-1074-23 Exam Syllabus Topics:

SectionObjectives
Setup and Configuration- Costing methods configuration
- Inventory valuation setup
- Cost organization and cost profiles setup
Reporting and Analysis- Cost analysis reports
- Cost reconciliation and audit
Cost Management Cloud Overview- Integration with Oracle SCM Cloud
- Key business processes and architecture
Inventory and Work Order Costing- Inventory transactions costing
- Manufacturing and work order costing
Cost Accounting and Processing- Period close and cost rollup
- Cost accounting distributions
- Cost calculation processes

Oracle Cost Management Cloud 2023 Implementation Essentials Sample Questions:

Which predefined report should you use from Oracle Business Intelligence Publisher to manage the balance of accrued supplier liabilities for a business unit?

  • A. Accrual Clearing Report
  • B. Receipt Accounting Real Time Report
  • C. Accrual Supplier Liability Report
  • D. Uninvoiced Receipt Accrual Report
  • E. Accrual Reconciliation Report
Answer: E

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Which two steps need to be completed to estimate landed costs?

  • A. Allocate charges
  • B. Transfer transactions from the Payables to the Costing process.
  • C. Update standard costs.
  • D. Transfer transactions from the Inventory to the Costing process.
  • E. Prepare the Material Purchase Order Data process.
Answer: A,E

Identify two characteristics of a cost profile.

  • A. It is used for calculating the estimated cost of manufactured items under different scenarios.
  • B. It is where you define your Cost Accounting policies.
  • C. It is used for Receipt Accounting.
  • D. It is where you define which cost method you want to use for the cost component to cost element mapping.
Answer: B,C

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

  • A. Cost Scenario
  • B. Orders
  • C. Trade Operation
  • D. Routes
  • E. Charge Name
Answer: C

Your client is using Quick Setup to implement Costing. They have a requirement to track costs for manufacturing overhead. How can you make sure that this requirement is met?

  • A. This requirement will already be met by the default data generated when using Quick Setup.
  • B. Create the cost in Manage Cost Scenarios.
  • C. You can only track costs for Direct Labor and Direct Equipment; this requirement cannot be met.
  • D. Complete Quick Setup and then create the user-defined cost using the Manage Cost Component task.
Answer: A

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